OKEx Announce Fees Adjustment & Upcoming Futures

OKEx

October 28, 2017 02:54

Updated

Dear OKEx users:

Based on popular request, the OKEx team has successfully completed the restructuring of our core system and we are looking to increase our range of futures contracts to ETH, ETC and BCC.In order to promote consistent liquidity to the market, OKEx will make the following adjustments on crypto-to-crypto trading and transaction fees regarding futures contract:

1. Transaction fees on crypto-to-crypto trading will be switch to a maker / taker model (maker = -0.1%, taker = 0.1%).Users posting liquidity will receive the equivalent of 0.1% of the transaction fee from the platform once the trade is filled, in effectively on October 30, 2017 (12:00pm Beijing Time).

2. ETH, ETC and BCC futures will be available from November 3rd, 17:00pm (Beijing Time). The mentioned contracts will also follow the maker/taker model on trading fees (maker = -0.025%, taker = 0.075%). Users posting liquidity will receive the equivalent of 0.025% of the transaction fee from the platform once the transaction is filled. Taker would be charged of 0.075% in opening and squaring a contract. Settlement fee would be charged at 0.05%.

3. Starting from November 3rd, 17:00pm (Beijing Time), the original transaction fee model for BTC and LTC contracts will be collectively changed to charging for both opening and closing of a position (Open Position = 0.015%, Close Position = 0.015%, Contract settlement = 0.015%.) Please be noted the total fees per round is remain unchanged at 0.03%.

Thank you for your continuous support, we will endlessly strive to provide our customer with the best products and services. OKEx Teamwww.okex.com October 28, 2017